WisdomTree Europe Hedged Equity Fund (NYSEARCA:HEDJ) Sets New 1-Year High – Still a Buy?

Shares of WisdomTree Europe Hedged Equity Fund (NYSEARCA:HEDJ) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $57.50 and last traded at $57.4840, with a volume of 36535 shares traded. The stock had previously closed at $55.80.

WisdomTree Europe Hedged Equity Fund Trading Up 3.3%

The stock has a 50-day simple moving average of $55.14 and a 200-day simple moving average of $54.08. The company has a market cap of $1.88 billion, a price-to-earnings ratio of 15.27 and a beta of 0.75.

Institutional Trading of WisdomTree Europe Hedged Equity Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Stifel Financial Corp increased its position in shares of WisdomTree Europe Hedged Equity Fund by 0.8% during the 4th quarter. Stifel Financial Corp now owns 26,077 shares of the company’s stock valued at $1,384,000 after purchasing an additional 200 shares during the period. NWF Advisory Services Inc. increased its position in shares of WisdomTree Europe Hedged Equity Fund by 3.6% during the 1st quarter. NWF Advisory Services Inc. now owns 6,088 shares of the company’s stock valued at $318,000 after purchasing an additional 212 shares during the period. Lido Advisors LLC increased its position in shares of WisdomTree Europe Hedged Equity Fund by 1.8% during the 4th quarter. Lido Advisors LLC now owns 14,944 shares of the company’s stock valued at $754,000 after purchasing an additional 269 shares during the period. Franklin Resources Inc. increased its position in shares of WisdomTree Europe Hedged Equity Fund by 13.5% during the 4th quarter. Franklin Resources Inc. now owns 2,914 shares of the company’s stock valued at $155,000 after purchasing an additional 346 shares during the period. Finally, Farther Finance Advisors LLC increased its position in shares of WisdomTree Europe Hedged Equity Fund by 66.3% during the 4th quarter. Farther Finance Advisors LLC now owns 918 shares of the company’s stock valued at $49,000 after purchasing an additional 366 shares during the period.

About WisdomTree Europe Hedged Equity Fund

WisdomTree Europe Hedged Equity Fund (the Fund), formerly WisdomTree International Hedged Equity Fund, is an exchange-traded fund. The Fund seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Europe Hedged Equity Index. The WisdomTree Europe Hedged Equity Index provides exposure to European equities while at the same time neutralizing exposure to fluctuations between the Euro and the United States dollar. The Index hedges against fluctuations in the relative value of the Euro against the United States dollar.